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REGISTERED NUMBER: 09910695 (England and Wales)






























Financial Statements

for the Year Ended 30 June 2023

for

Crescent Property Assets Limited

Crescent Property Assets Limited (Registered number: 09910695)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Crescent Property Assets Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: A Mulji
N M Valji
Dr R H Ali





SECRETARY: A Mulji





REGISTERED OFFICE: 7-8 Swanbridge Industrial Park
Black Croft Road
Witham
Essex
CM8 3YN





REGISTERED NUMBER: 09910695 (England and Wales)





ACCOUNTANTS: Walji & Associates
336 Pinner Road
Harrow
HA1 4LB

Crescent Property Assets Limited (Registered number: 09910695)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,123,873 1,150,334

CURRENT ASSETS
Debtors 5 200 450
Cash at bank 4,522 5,014
4,722 5,464
CREDITORS
Amounts falling due within one year 6 1,089,127 851,392
NET CURRENT LIABILITIES (1,084,405 ) (845,928 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

39,468

304,406

CREDITORS
Amounts falling due after more than one year 7 58,662 331,717
NET LIABILITIES (19,194 ) (27,311 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (19,294 ) (27,411 )
SHAREHOLDERS' FUNDS (19,194 ) (27,311 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Crescent Property Assets Limited (Registered number: 09910695)

Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2024 and were signed on its behalf by:





A Mulji - Director


Crescent Property Assets Limited (Registered number: 09910695)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Crescent Property Assets Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Rental Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Fixtures and fittings - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Crescent Property Assets Limited (Registered number: 09910695)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold fittings Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 1,251,542 20,448 1,271,990
DEPRECIATION
At 1 July 2022 108,357 13,299 121,656
Charge for year 25,031 1,430 26,461
At 30 June 2023 133,388 14,729 148,117
NET BOOK VALUE
At 30 June 2023 1,118,154 5,719 1,123,873
At 30 June 2022 1,143,185 7,149 1,150,334

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 200 450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Tax 8,110 4,879
Other creditors 1,018,676 770,841
Bank loans 13,161 26,552
Other Loan 47,500 47,500
Accrued expenses 1,680 1,620
1,089,127 851,392

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Other creditors 11,083 14,883
Bank borrowings 47,579 316,834
58,662 331,717

Crescent Property Assets Limited (Registered number: 09910695)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary 1 100 100